For the current football season,Rust Corporation pays $38,000 for a skybox (containing 12 seats)at Memorial Stadium for eight home games.Regular nonskybox seats at each game range from $100 to $140 a seat.In November,a Rust employee and ten clients use the skybox to attend a game.The event is preceded by a bona fide business discussion,and Rust spent $910 for food and drinks during the game.What is Rust's deduction?
$1,295.(12 seats ´ $140)+ $910 = $2,590 ´ 50% (cutback adjustment)= $1,295.Even though only ten clients attended,all available sets are considered.The highest cost of a regular seat ($140)is used in the computation.

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The Answer of For the current football season,Rust Corporation pays $38,000 for a skybox (containing 12 seats)at Memorial Stadium for eight home games.Regular nonskybox seats at each game range from $100 to $140 a seat.In November,a Rust employee and ten clients use the skybox to attend a game.The event is preceded by a bona fide business discussion,and Rust spent $910 for food and drinks during the game.What is Rust's deduction?
$1,295.(12 seats ´ $140)+ $910 = $2,590 ´ 50% (cutback adjustment)= $1,295.Even though only ten clients attended,all available sets are considered.The highest cost of a regular seat ($140)is used in the computation.

For the Current Football Season,Rust Corporation Pays $38,000 for a Skybox